WBS and Asset questions

We're in blueprinting phase of our asset accounting project and would appreciate any help on the following questions:

1. Steps on how to configure AuC to be automatically created when settling WBS elements. what needs to be configured
2. Once project is complete how to get/assign costs in AuC to asset
3. If we track project budget in WBS Elements, what will happen to the budget after we settle the WBS elements (lets say project is 20% completed), how is it possible to continue tracking budget in WBS elements after settlement. Is statistical WBS elements the only option?
4. Should WBS be settled monthly or yearly? what are benefits of yearly settlement?
5. After recieving the asset into SAP (MIGO) there may be some asset information e.g. serial number that may need to go into asset master record. This would mean an update to master record. Whats best way to manage this update if you have centralised asset master maintenance.
I know this is alot but any advise is greatly appreciated
Julian

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Hi Mr. Julian,
1. To create AUC automatically once you release the WBS, you need investment profile and there tick AUC automatic, so that an AUC no. will be created against each released WBS as per AUC asset class and number range.
2.Once project is completed, create fixed assets, define the settlement rule and run the final settlement once your project is completed. The amount will be moved from AUC to FXA.
3. The settlement of cost from WBS to AUC will not effect your budget control and you can continiue with your budget control, so you do not have to worry for the same.
4. Monthly or yearly settlement is upto your business decission. You can do monthly also.
I am leaving reply for your queary no.5 for other group people and hope some one will be able to address your problem in detial.
Waris

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